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Oklahoma Insurance Department - Auto
file:////maindc/users/gphillips/PDFs%2061/2012-03%20Choosing%20automobile.htm[3/21/2012 11:16:16 AM]
Home / Consumers / Insurance Basics / Auto
Choosing your Automobile Insurance Policy
Thinking about dropping your auto insurance? Think again. Click here for more information.
Factors that Affect Premiums What to know before buying a policy
How to Find the Best Rate Oklahoma Automobile Insurance Plan
How Filing Claims Impacts Your Premium Common Misunderstandings about Policies
What To Ask Your Agent How to Read Your Auto Declarations Page
Deductibles Inexpensive Private Passenger Auto Add-Ons
Ways to Save Money Rate Comparison Chart
Factors that Affect Premiums:
Insurance companies use a variety of factors to determine a policyholder’s likelihood of experiencing an accident or loss. Some factors
include but are not limited to: driving history; type of vehicle (including model, year and value); territory (where you garage and drive the
vehicle); number of accidents; gender; age; and credit scores. Driving record history can only be used for three years.
TOP
How to Find the Best Rate:
Shop for the company or agent that offers the best service for the best price. If you have a clean driving record, avoid companies and
agents that advertise to high-risk drivers. Their premiums often are higher. Get quotes from several companies before you buy. Make
sure you understand what coverages are included and that you’re comparing equivalent policies.
TOP
How Filing Claims Impacts Your Premium:
While Oklahoma law prevents an insurer from raising your premiums for not-at-fault accidents, they may apply surcharges when filing
at-fault accidents or other types of losses. Also, the surcharges are not calculated based on the dollar amount of the claims files. For
example, the surcharge applied is the same whether you filed a $1,500 or a $100,000 claim. The surcharges are typically applied for a
three-year period and the penalty severity varies.
Consumers Licensing and Education Regulated Entities Businesses Public Information
Insurance
Commissioner
JOHN D. DOAK
Share | Print | Print Stay Connected | FAQs | Contact | News Center | A-Z Site Index | Calendar | RSS Feeds

Oklahoma Insurance Department - Auto
file:////maindc/users/gphillips/PDFs%2061/2012-03%20Choosing%20automobile.htm[3/21/2012 11:16:16 AM]
Home / Consumers / Insurance Basics / Auto
Choosing your Automobile Insurance Policy
Thinking about dropping your auto insurance? Think again. Click here for more information.
Factors that Affect Premiums What to know before buying a policy
How to Find the Best Rate Oklahoma Automobile Insurance Plan
How Filing Claims Impacts Your Premium Common Misunderstandings about Policies
What To Ask Your Agent How to Read Your Auto Declarations Page
Deductibles Inexpensive Private Passenger Auto Add-Ons
Ways to Save Money Rate Comparison Chart
Factors that Affect Premiums:
Insurance companies use a variety of factors to determine a policyholder’s likelihood of experiencing an accident or loss. Some factors
include but are not limited to: driving history; type of vehicle (including model, year and value); territory (where you garage and drive the
vehicle); number of accidents; gender; age; and credit scores. Driving record history can only be used for three years.
TOP
How to Find the Best Rate:
Shop for the company or agent that offers the best service for the best price. If you have a clean driving record, avoid companies and
agents that advertise to high-risk drivers. Their premiums often are higher. Get quotes from several companies before you buy. Make
sure you understand what coverages are included and that you’re comparing equivalent policies.
TOP
How Filing Claims Impacts Your Premium:
While Oklahoma law prevents an insurer from raising your premiums for not-at-fault accidents, they may apply surcharges when filing
at-fault accidents or other types of losses. Also, the surcharges are not calculated based on the dollar amount of the claims files. For
example, the surcharge applied is the same whether you filed a $1,500 or a $100,000 claim. The surcharges are typically applied for a
three-year period and the penalty severity varies.
Consumers Licensing and Education Regulated Entities Businesses Public Information
Insurance
Commissioner
JOHN D. DOAK
Share | Print | Print Stay Connected | FAQs | Contact | News Center | A-Z Site Index | Calendar | RSS Feeds